The August 2014 bank statement for Allison Company and the August 2014 ledger account for cash follow:

BANK STATEMENT
Date		Checks and EFTs				Deposits				Balance
Aug. 1										$	17,610
2		$	390								17,220
3						$	11,750				28,970
4			475								28,495
5			300								28,195
9			790								27,405
10			250	EFT							27,155
15							4,850				32,005
21			255								31,750
24			19,500								12,250
25							7,100				19,350
30			850	EFT							18,500
30							3,050*				21,550
31			115								21,435

*$3,050 interest collected.

Bank service charge.

Cash (A)

Aug. 1 Balance	16,445		Checks written and electronic funds transfers
Deposits			Aug. 2	EFT 250
Aug. 2	11,750		4	790
12	4,850		15	230
24	7,100		17	410
31	5,350		18	EFT 850
			20	255
			23	19,500

Outstanding checks at the end of July were for $300, $475, and $390. No deposits were in transit at the end of July.

Required information

1.

	Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account. 2. Compute the outstanding checks at the end of August by comparing the checks listed on the bank statement with those on the cash ledger account and the list of outstanding checks at the end of July.